The semiconductor wafer maker intends to ramp up its production capacity with funding from investors including Yangtze Optical FC.

China-based semiconductor wafer manufacturer FerroTec has received $511m in a series B round featuring communications equipment producer Yangtze Optical FC (YOFC), DealStreetAsia reported yesterday, citing a company statement.

State-owned investor Capital Operation co-led the round with Sunic Capital and it included Bocom International Holdings and CCB International, on behalf of financial services firms Bank of Communications and China Construction Bank.

SDIC Chuangyi, a subsidiary of State Development & Investment Corp (SDIC), also took part in the round, as did FTZ…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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